Wednesday, October 6, 2010

ILFC's Chairman Sees a Potential for Sale

WSJ.COM ARTICLE - SUBSCRIPTION REQUIRED FOR FULL ACCESS
NEW YORK—The head of the aircraft-leasing arm of American International Group Inc. said the financial-services group could make another effort to sell the business, having narrowly avoided a "fire sale" to help address its debt problems.

Doug Steenland, chairman of International Lease Finance Corp., said AIG is under no pressure to sell, but noted both companies have stabilized after ILFC returned to the capital markets and its parent mapped out a plan to wean itself from U.S. government support.

"ILFC's now going to be self-financing going forward," said Mr. Steenland in an interview on......

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